Cryptocurrency attributes
Other attributes
Features and characteristics
The SiaCoin platform is a decentralized cloud storage service. It was designed to compete with companies like Google, DropBox, Apple and Microsoft. The idea is that the data stored with Sia will be encrypted and stored on other users' computers. However, all transactions will be verified using the siacoin public ledger.
Data Storage Platform
Siacoin enables users to rent out space on hard drives and earn money from it. People looking for cloud storage will use someone else's computer memory to store files. This service is paid for with siacoin digital tokens.
Completely Private
Sia encrypts and distributes your files across a decentralized network. You control your private encryption keys and you own your data. No outside company or third party can access or control your files, unlike traditional cloud storage providers.
